FFIE Elects New Directors, Appoints CFO
Ticker: FFAIW · Form: 8-K · Filed: Jun 11, 2024 · CIK: 1805521
| Field | Detail |
|---|---|
| Company | Faraday Future Intelligent Electric INC. (FFAIW) |
| Form Type | 8-K |
| Filed Date | Jun 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-election, cfo-appointment
Related Tickers: FFIE
TL;DR
FFIE board shakeup: new directors and CFO appointed, effective immediately.
AI Summary
Faraday Future Intelligent Electric Inc. announced on June 9, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Daniel Herbert and Steven O'Halloran, and appointed Carlos Hidalgo as Chief Financial Officer. These appointments are effective immediately.
Why It Matters
The appointment of new directors and a CFO suggests a strategic shift or restructuring within Faraday Future, potentially aimed at improving financial oversight and governance.
Risk Assessment
Risk Level: medium — Changes in board and executive leadership can indicate underlying issues or strategic shifts that carry inherent risks.
Key Players & Entities
- Faraday Future Intelligent Electric Inc. (company) — Registrant
- Daniel Herbert (person) — Newly elected director
- Steven O'Halloran (person) — Newly elected director
- Carlos Hidalgo (person) — Appointed Chief Financial Officer
- June 9, 2024 (date) — Effective date of changes
FAQ
Who were the new directors elected to the board?
Daniel Herbert and Steven O'Halloran were elected as new directors.
Who has been appointed as the new Chief Financial Officer?
Carlos Hidalgo has been appointed as the new Chief Financial Officer.
When were these changes effective?
The changes were effective as of June 9, 2024.
What is the exact name of the registrant?
The exact name of the registrant is Faraday Future Intelligent Electric Inc.
What is the state of incorporation for Faraday Future Intelligent Electric Inc.?
The state of incorporation is Delaware.
Filing Stats: 485 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-06-11 17:15:37
Key Financial Figures
- $0.0001 — tered Class A common stock, par value $0.0001 per share FFIE The Nasdaq Stock Mar
- $11.50 — A common stock at an exercise price of $11.50 per share FFIEW The Nasdaq Stock Ma
Filing Documents
- ea0207678-8k_faraday.htm (8-K) — 29KB
- 0001213900-24-051797.txt ( ) — 242KB
- ffie-20240609.xsd (EX-101.SCH) — 4KB
- ffie-20240609_def.xml (EX-101.DEF) — 26KB
- ffie-20240609_lab.xml (EX-101.LAB) — 36KB
- ffie-20240609_pre.xml (EX-101.PRE) — 25KB
- ea0207678-8k_faraday_htm.xml (XML) — 6KB
02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Director On June 9, 2024, Li Han, a member of the Board of Directors (the "Board") of Faraday Future Intelligent Electric Inc., a Delaware corporation (the "Company"), notified the Board that she will resign as a director of the Company for personal reasons, effective immediately. Ms. Han also served as a member of the Nominating and Corporate Governance Committee. Ms. Han may continue serving as an advisor to the Company focusing on legal and strategic business development, given her relevant background and experience. 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FARADAY FUTURE INTELLIGENT ELECTRIC INC. Date: June 11, 2024 By: /s/ Jonathan Maroko Name: Jonathan Maroko Title: Interim Chief Financial Officer 2